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Chamber

Meeting of the Parliament (Hybrid) 27 October 2020

27 Oct 2020 · S5 · Meeting of the Parliament
Item of business
Inward Investment Plan

The member should be aware, if he has been briefed properly, that engagement with the UK Government on free ports continues. Officials are engaging regularly. In the past few weeks, I had a meeting with Steve Barclay, the Chief Secretary to the Treasury, specifically on that point, and I also gave evidence on the issue to the House of Commons International Trade Committee.

Perhaps the member does not know what is happening; Alister Jack certainly does not, because I saw him on television on Sunday and, frankly, he did not understand the level of engagement that has been taking place. He has clearly been badly briefed, too.

The problem with free ports is that the UK Government has not yet told us, other than in a flashy headline, what the substance of those will be. The UK Government has not explained what the tax incentives will be, either through customs regulations and tariffs or through reserved taxes. We do not know what the proposal is down south for what would be devolved taxes and how much we would have to fund on that basis. The UK Government has not given us a range of other information that we have asked for on economic impact and the potential for economic displacement.

As a responsible Government that is looking at Scotland’s economy in a responsible way, we want to understand what the risks of free ports are as well as the opportunities before we determine what makes sense and whether we should or should not take them forward.

The member should of course recognise that free ports are a sticking plaster on the gaping wound that has been caused by the economic self-harm as a consequence of the UK Government’s decision to plough ahead with a completely misjudged exit from the European Union at the end of this year.

In the same item of business

The Deputy Presiding Officer (Christine Grahame) SNP
The next item of business is a statement by Ivan McKee on Scotland’s inward investment plan. The minister will take questions at the end of his statement; th...
The Minister for Trade, Investment and Innovation (Ivan McKee) SNP
Today, the Scottish Government publishes “Shaping Scotland’s Economy: Scotland’s Inward Investment Plan”. I am pleased to outline to Parliament how it will h...
The Deputy Presiding Officer SNP
We have about 20 minutes for questions. I ask members who wish to put questions to press their request-to-speak buttons now.
Maurice Golden (West Scotland) (Con) Con
I thank the minister for advance sight of his statement. Any move to create jobs in Scotland is to be welcomed, especially given the economic disruption that...
Ivan McKee SNP
I simply point to Scotland’s track record. As I said in my statement, Scotland holds the record for being the best-performing part of the UK outside London. ...
Rhoda Grant (Highlands and Islands) (Lab) Lab
I, too, thank the minister for prior sight of his statement. The plan is full of aspirations that cannot be argued with, but unfortunately the minister did n...
Ivan McKee SNP
Rhoda Grant will be aware that my colleague the Cabinet Secretary for the Economy, Fair Work and Culture spoke to members on that subject this morning. The c...
The Deputy Presiding Officer SNP
Eleven members want to ask questions. I want to get to them all, but we must stop at 3.45 so I ask for short questions and succinct answers please.
Kenneth Gibson (Cunninghame North) (SNP) SNP
I warmly welcome the cabinet secretary’s statement. In response to a question that I asked on 2 September, the First Minister said: “The decommissioning of ...
Ivan McKee SNP
Kenny Gibson is right to highlight Hunterston, which offers exactly the sort of opportunity that we envisage for the new plan in helping to shape Scotland’s ...
Michelle Ballantyne (South Scotland) (Con) Con
Although the ambitions set out in the statement are admirable, we are still remarkably short on detail—particularly on how we might make the digital economy ...
The Deputy Presiding Officer SNP
Please ask a question.
Michelle Ballantyne Con
What reassurances can the minister give investors that Scotland can grow and retain a workforce that has sufficient skills to build a digital economy?
Ivan McKee SNP
I spend an awful lot of time talking to investors here and to investors who are looking to come to Scotland. Their admiration for the skills pipeline that we...
Stuart McMillan (Greenock and Inverclyde) (SNP) SNP
The minister will be aware that the Covid-19 pandemic has had a huge economic impact and that it has affected inward investment. How will the investment plan...
Ivan McKee SNP
On successful inward investments, last year I visited Diodes Incorporated, where I met with the team that made a significant inward investment in a strong bu...
Jackie Baillie (Dumbarton) (Lab) Lab
There is such a thing as collective responsibility, so I am afraid that the minister cannot dodge questions about BiFab, where there was inward investment by...
The Deputy Presiding Officer SNP
That is not actually a question on the statement.
Ivan McKee SNP
I am happy to answer the question. Jackie Baillie is absolutely right: of course energy transition is an area where we want to focus on inward investment. To...
Andy Wightman (Lothian) (Green) Green
An International Monetary Fund study in 2019 found that 38 per cent of foreign direct investment was phantom investment used for tax avoidance. At the same t...
Ivan McKee SNP
The reality is actually the opposite. I have gone through the numbers. More than 600,000 jobs in Scotland are dependent on inward investment, it is a signifi...
Willie Rennie (North East Fife) (LD) LD
What has the minister learned from the so-called “Scottish shambles” in 2016 when the Government signed a £10 billion agreement with a Chinese company and al...
Ivan McKee SNP
On that last point, life sciences are very much a priority sector. If the member had been listening to my statement, he would have heard that health technolo...
The Deputy Presiding Officer SNP
Five members still want to ask questions, so let us move along.
Emma Harper (South Scotland) (SNP) SNP
How has Scotland performed on inward investment in the past and what effect will the strategic approach to attracting investment, through measures such as th...
Ivan McKee SNP
Emma Harper represents another area of Scotland that has particular strengths in the food and drink sector. We want to build on innovation in that sector as ...
Gordon Lindhurst (Lothian) (Con) Con
The minister’s statement makes no mention at all of free ports, and nor does his plan. Does the minister accept the benefit that the UK Government’s plan for...
Ivan McKee SNP
The member should be aware, if he has been briefed properly, that engagement with the UK Government on free ports continues. Officials are engaging regularly...
John Mason (Glasgow Shettleston) (SNP) SNP
The minister mentioned the nine opportunity areas. Can he say how those were chosen, given that some people might be surprised that, for example, space is on...
Ivan McKee SNP
With pleasure. It was done through a piece of analysis working on three axes. One of the axes was Scotland’s demonstrated comparative advantage in various se...